What changed in this filing

/stocks — the workspaceLOADING

Item 1A. Risk Factors

2021-01-20 compared with 2020-10-21 · 44 added, 21 removed, 43 unchanged (60% of the section changed)

2 unchanged sentences

factors disclosed in our Annual Report on Form 10-K for the fiscal year ended

March 31, 2020 as updated in our Quarterly Report on Form 10-Q for the quarter

ended June 30, 2020, except the following risk factor is replaced in its

entirety by the following to update the effects of the COVID-19 pandemic on one

of our packaging vendors:

March 31, 2020 as updated in our Quarterly Report on Form 10-Q for the quarters

ended June 30, 2020 and September 30, 2020, except the following risk

factors are replaced in their entirety by the following to update the effects

of the COVID-19 pandemic:

The loss of supply from any of our packaging vendors could impact our ability

9 unchanged sentences

or pandemics.

One of our packaging vendors was forced to suspend its factory operations

from late March 2020 until mid-May 2020 and

was permitted only limited operation from mid-May through August 2020 pursuant

to COVID-19 government orders.

The vendor also cited personnel shortages related

to the COVID-19 pandemic, and the pandemic has caused shortages of raw materials

and subassemblies our packaging vendors need for the packaging process.

Additionally,

certain of our packaging vendors are in flood-susceptible areas.

Flooding risks

to such vendors may increase in the future due to possible higher ocean levels,

extreme weather, and other potential effects of climate change.

We have alternate

vendors or potential alternate vendors for the majority of our products, but it

can be expensive, time-consuming, and technically challenging to convert to alternate

Leadtimes for packaging services have increased during the

COVID-19 pandemic and there have been shortages

of raw materials our packaging vendors need for their process.

One of our packaging vendors

was forced to suspend its factory operations from late March 2020 until mid-May 2020

and was permitted only limited

operation from mid-May through August 2020 pursuant to COVID-19 government orders,

and restrictions could be reimposed in the future.

Additionally, certain

of our packaging vendors are in flood-susceptible areas.

Flooding risks to such

vendors may increase in the future due to possible higher ocean levels, extreme

weather, and other potential effects of climate change.

We have alternate vendors

or potential alternate vendors for the majority of our products, but it can be

expensive, time-consuming, and technically challenging to convert to alternate

Furthermore, we may not be able to recover work in process or finished

3 unchanged sentences

that are critical to our business and operations and may cause us to lose revenue.

Public health crises could have an adverse effect on our operations and

financial results.

Public health crises could adversely affect our

ongoing business operations.

In particular, the COVID-19 pandemic has impacted

global economic activity and caused many of our important customers to delay or

cancel orders.

We have been allowed to operate under Minnesota emergency executive

orders in effect since March 27, 2020, however future orders could be imposed

by State or Federal authorities that could limit or prohibit our normal operation.

Furthermore, if one or more of our employees become infected with COVID-19, we

could be forced to curtail or cease operations to protect the health of our employees

or to prevent the spread of the disease.

Additionally, any customer or supplier

disruptions could affect our ability to operate.

These and other impacts of COVID-19

pandemic or other public health crises could have a material adverse effect on

our results of operations or our financial condition.

Mine Safety Disclosures.

Not applicable.

Amendment No.

6 to Supplier Partnering Agreement

between Abbott and the company (incorporated by reference to the Form 8-K/A filed

December 21, 2020).

Certification by Daniel A.

17 unchanged sentences

NVE CORPORATION

October 21, 2020

January 20, 2021

/s/ DANIEL A.

President and Chief Executive Officer

October 21, 2020

January 20, 2021

Chief Financial Officer

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1A. Risk Factors